Monday, April 18, 2011

Enron Writ Large - By Kevin D. Williamson - Exchequer - National Review Online: "Standard & Poor’s decision to downgrade the long-term outlook for U.S. sovereign debt came as a shock. It shouldn’t have. Credit-rating agencies (CRAs) such as S&P are a government-chartered cartel, with constraints on competition and a customer base guaranteed by statute. They are the sleepy backwaters of the financial world — and they are always the last to know. As one investment strategist put it to me this morning: We’ve been watching this train go by for a while now, and this is the caboose"

No comments:

About Me

Prior to his position as lead pastor in Hilmar California, Ron was senior pastor of Cross Road Assembly in Florence Oregon. He previously served on the pastoral staff at Atlantic Christian Assembly in Cape Town, South Africa, as well as Academic Site Director at Cornerstone Christian College in the same city. He was raised in California.
Ron has a B.A. in Ministerial Studies from Bethany College; an M.A. in Cross-Cultural Studies from Fuller Theological Seminary, and a Master of Divinity from Assemblies of God Theological Seminary.
Ron is married to Karol, his wife of 25 years. They have a 14 year old daughter, Katie.
In his spare time Ron enjoys antiques, bicycling, computers, old cars, shooting, fishing and reading.
e-mail me at ronsbloviating at gmail dot com (change the at and dot)